NEWS

  Lewisberry, PA – The Capital Markets Group from Lee & Associates of Eastern Pennsylvania facilitated the sale of a 189,600-square-foot industrial building at 525 Industrial Drive in Lewisberry, Pennsylvania. This forward sale was negotiated between the developer, High Street Logistics Properties, and TA Realty, both Boston-based investment management firms. The Capital Markets group, comprised of Bob Yoshimura, Joe Hill, Eric Mattson, and Connor Sanbower, represented the Seller in the transaction. This state-of-the-art distribution facility…

  Montgomery County, PA – The Capital Markets Group, headed by Bob Yoshimura and Joe Hill from Lee & Associates of Eastern Pennsylvania (“LAEP”), arranged the sale of a 110-acre, industrially zoned land site located off the Sanatoga exit of Route 422 in Limerick, Pennsylvania. Eric Mattson and Connor Sanbower from the Lee & Associates Capital Markets group assisted in representing the Seller, Metropolitan Commercial Development. The Buyer, an undisclosed investment group, is pursuing development…

When it comes to reducing employee absenteeism, promoting health and wellbeing and boosting workplace productivity, having an effective office space is key. Factors like layout, lighting, furniture and technology can make all the difference. Discover the impact of office design on employee performance and how you can create a better work environment overall. Types of Office Design Trends Certain office layouts are better suited for some industries and work environments than others. Let’s look at…

Lehigh Valley, PA August 26, 2022 – Lee & Associates of Eastern Pennsylvania principals Kim Jacobsen and Lee Fittipaldi represented the landlord, INDUS Realty Trust. Inc. (“INDUS”), in the full-lease up of 4741 Chapmans Road, a newly completed 102,250 square foot industrial facility in South Whitehall Township, PA. The building delivered in June with 67,750 square feet pre-leased. The team completed the remaining 34,500 square foot lease within 30 days of the building’s completion. The building offers…

Lee & Associates of Eastern Pennsylvania Q2’22 data represents an increase of 10.7 million square feet of net absorption for Q2’22, with 56 million square feet under construction Mechanicsburg, PA (July 20, 2022) – The vacancy rate for warehouse/industrial space in the greater Philadelphia metropolitan region remained at a historic low of 1.99% during the second quarter of 2022, on the strength of more than 10.7 million square feet of net absorption, according to the…

Brokerage firm selected to handle exclusive leasing activities for 1.56-acre site in commercial real estate category that has emerged into a $200 billion asset class Plymouth Meeting, PA (July 18, 2022) – Lee & Associates of Eastern Pennsylvania has brokered the sale of a 1.56-acre parcel situated at 2337 Center Square Road in Logan Township, New Jersey, and subsequently was selected by the new owner, Criterion Group, to handle exclusive leasing activities for the site…

Food service packaging company develops safe food packaging containers. Mechanicsburg, PA (June 20, 2022) – Food service packaging company Pianca Packaging, LLC has signed a lease with Buligo Capital Partners for 28,091 square feet of industrial space within the Riverside Business Center in Whitehall, Pennsylvania. Located at 1139 Lehigh Avenue and constructed in 1910, the 423,900 square foot single-story light industrial building was acquired by Buligo this spring. Brian Knowles, CCIM, SIOR , and Eric…

Signing a commercial lease can be an involved process. There are a few essential questions to ask yourself and research before you commit. In this FAQ about signing a lease for a commercial property, you’ll get all the information you need to consider before you sign and tips for choosing the right agreement for your business. 1. Are You Building for the Future? Before signing a commercial lease, analyze your company’s growth trends. Commercial leases…

If you are a new commercial real estate investor or business owner, your property may be an overlooked asset. Industrial lots are essential for businesses, making them also essential to investors. An industrial outdoor storage yard allows e-commerce companies and other growing industries to store and ship their items more efficiently, making them an exciting opportunity for businesses and investors. In this article, we’ll dive into the investment opportunities associated with Industrial Outdoor Storage Yards. Using Parking…